Chuteless in Detroit

Sloan, Allan
May 2009
Fortune;5/11/2009, Vol. 159 Issue 10, p16
The article discusses the severance package of ousted General Motors Corp. (GM) chief executive Rick Wagoner. About 95% of his $20.2 million arrangement consists of an annuity that will likely be canceled if GM files for bankruptcy. In the author's view both Wagoner and GM's board of directors should be applauded for not insisting upon a golden parachute for Wagoner.


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